Filing Flows › Lincoln National (LNC) › Q3 2025
Lincoln National (LNC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Lincoln National (LNC) reported revenue of $4.6B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +13% from the quarter before. Operating margin was 11.5%, net earnings $445M (9.8% of revenue).
Lincoln National, Q3 2025: revenue $4.6B (+11% year over year), operating margin 11.5%, net earnings $445M, operating cash flow −$1.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | +13% | +11% |
| Operating profit | $524M | -38% | — |
| Net earnings | $445M | -36% | — |
| Operating cash flow | −$1.1B | -213% | — |
What changed
Revenue was $4.6B in Q3 2025, up 11% year over year and up 13% from the previous quarter.
Operating profit was $0.52B, a 11.5% margin (up 28.6 points year over year). Total costs fell 16% while revenue rose 11%. Net earnings were $0.45B. The effective tax rate was 15.1%.
Operating cash flow was −$1.1B. Working capital and other items used $1.6B.
Questions
What was Lincoln National's revenue in the third quarter 2025?
Lincoln National (LNC) reported revenue of $4.6B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +13% from the quarter before.
Was Lincoln National profitable in the third quarter 2025?
Operating profit was $524M (11.5% of revenue) and net earnings $445M.
Source: Lincoln National 10-Q on SEC EDGAR.